Comment for Proposed Rule 75 FR 3281
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From:
Cory Endle
Organization(s):
Comment No:
1327
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01327
From:
Sent:
To:
Subject:
Cory Endle
Wednesday, January 20, 2010 10:47 PM
secretary
Regulation of Retail Forex
Identification number RIN 3038-AC61
As part of the proposed regulations, it is stated: "leverage in retail
forex customer accounts would be subject to a 10-to-1 limitation,"
which means 10:1 leverage would be the maximum amount allowed for all
Forex traders in the U.S.
This change would greatly affect me and other individuals who rely on
trading with 100:1 leverage. This leverage amount is appropriate for
knowledgeable traders that use proper risk management.
Please re-consider.
Cory
